Corporate Distributions of Stock: A Bird's-Eye View of the New Code Provisions

The Section of Taxation, working through an emergency committee and its committee chairmen, collaborated very closely with officials of the Treasury Department and of Congress during the legislative progress of the Internal Revenue Code of 1954. Through the hard work of the Tax Section's representatives and the sympathetic consideration of the government officials, many recommendations previously made by the American Bar Association and the Section of Taxation are contained in the 1954 Code. Among the members of the Section who participated actively in this legislative undertaking was William L. Kumler, Chairman of the Section's Committee on Corporate Stockholder Relationships.